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US retail sales rebound more than expected in August; import prices surge

US retail sales rebound more than expected in August; import prices surge

By Lucia Mutikani WASHINGTON, Sept 16 (Reuters) - U.S. retail sales rebounded sharply in August as households boosted purchases of a range of goods while also spending more at restaurants and bars, reinforcing the economy's resilience even as consumers grow more anxious about high inflation.
ReutersReuters
US poverty rate dips to lowest on record, Census Bureau says

US poverty rate dips to lowest on record, Census Bureau says

By Ahmed Aboulenein and Lucia Mutikani WASHINGTON, Sept 15 (Reuters) - The U.S. poverty rate edged down to the lowest on record in 2025, while median household income hit a record high, the Census Bureau said on Tuesday. There were 34.5 million people in poverty in 2025, the agency said.
AP NewsAP News
American incomes finally top pre-pandemic levels, fighting against inflation all the way

American incomes finally top pre-pandemic levels, fighting against inflation all the way

U.S. household income finally topped pre-pandemic levels last year, a stark sign of how the past five years of rising prices have limited Americans’ earnings and purchasing power
ReutersReuters
US retail sales rebound sharply in August

US retail sales rebound sharply in August

WASHINGTON, Sept 16 (Reuters) - U.S. retail sales rebounded more than expected in August as households stepped up purchases of motor vehicles and stocked up for the new school year, reinforcing the economy's resilience even as consumers grow more anxious about high inflation. 
ReutersReuters
US import prices jump in August on strength in capital, consumer goods

US import prices jump in August on strength in capital, consumer goods

WASHINGTON, Sept 16 (Reuters) - U.S. import prices surged in August amid solid increases in the costs of capital and consumer goods, suggesting inflation could rise further in the coming months.
ReutersReuters
Bessent defends Trump economic policies, reveals plans to meet Chinese official

Bessent defends Trump economic policies, reveals plans to meet Chinese official

By David Lawder WASHINGTON, Sept 15 (Reuters) - U.S. Treasury Secretary Scott Bessent defended a range of Trump administration economic policies before lawmakers on Tuesday, from currency and bond market interventions to AI safety, disclosing plans to meet with his Chinese counterpart this weekend.
ReutersReuters
US orbital weapons acknowledgement a "landmark" move, US Space Command official says

US orbital weapons acknowledgement a "landmark" move, US Space Command official says

By Cassell Bryan-Low WASHINGTON, Sept 15 (Reuters) - The U.S.
ReutersReuters
FTC chair suspicious of calls for AI antitrust exemptions

FTC chair suspicious of calls for AI antitrust exemptions

By Jody Godoy WASHINGTON, Sept 15 (Reuters) - The chairman of the U.S. Federal Trade Commission said on Tuesday that "everyone should be deeply suspicious" about AI companies seeking antitrust exemptions while they also lobby for new regulations.
ReutersReuters
US homebuilder sentiment drops to 12-month low in September

US homebuilder sentiment drops to 12-month low in September

WASHINGTON, Sept 16 (Reuters) - U.S. homebuilder sentiment dropped to a one-year low in September as rising mortgage rates dampen demand for housing, a survey showed on Wednesday.
ReutersReuters
Dollar gains as oil lifts yields and Fed hike looms

Dollar gains as oil lifts yields and Fed hike looms

By Saqib Iqbal Ahmed NEW YORK, Sept 15 (Reuters) - The dollar was firmer across the board on Tuesday as surging oil prices lifted Treasury yields and reinforced expectations that the Federal Reserve will hike interest rates this week.
TheStreetTheStreet
Another coffeehouse files for Chapter 11 as costs, prices rise

Another coffeehouse files for Chapter 11 as costs, prices rise

The coffee/cafe industry faces some significant problems that consumers need to pay attention to.
ReutersReuters
Companies left China to dodge tariffs. Now some are heading back

Companies left China to dodge tariffs. Now some are heading back

By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG, Sept 14 (Reuters) - A year after shifting production and sourcing out of China to avoid higher U.S. tariffs, some companies are learning that replicating the country's factory ecosystem is not so easy and are bringing manufacturing back.